Crypto Week 2024: GENIUS and CLARITY Acts Set to Boost Bitcoin’s Role in US Cryptocurrency Leadership

On July 12, Bo Hine, the White House digital asset policy advisor, announced via the X platform that a pivotal week for cryptocurrency regulation is imminent. Scheduled from July 14 to July 20, the U.S. House of Representatives will observe “Crypto Week,” a significant legislative period focused on advancing crypto policy. During this timeframe, the GENIUS Act is expected to reach former President Trump’s desk for approval, while the CLARITY Act will be forwarded to the Senate for consideration. This concentrated legislative effort aims to reinforce the United States’ position as a global leader in cryptocurrency governance, underscoring the government’s commitment to fostering a robust regulatory framework for digital assets.